TRUST ADMINISTRATOR

JOB TITLE

TRUST ADMINISTRATOR

SALARY

£27,000 - £33,000 – depending on experience

LOCATION

Manchester City Centre

HOURS OF WORK

9 am – 5. 30 pm Monday to Friday

BENEFITS

Excellent Benefits

Main Purpose of the role

• Reporting to the Tax and Estate Planning Partners

• Providing administrative support to the Tax and Estate Planning department

JOB DESCRIPTION

• Will report to two Partners

• Review existing records and maintain a record of Trusts where the client is appointed as a professional Trustee to help ensure that they are meeting their obligations as Trustees, keeping on top of key dates and offering excellent service to our Trust clients.

• Obtaining instructions from clients to offer ongoing Trust administration services as professional trustees.

• Acting on key dates by advising relevant fee-earners and contacting clients where necessary.

• Prepare and maintain accurate and up-to-date Trust Accounts, to include details of Trust assets and income & summaries of key points and events relating to the Trusts.

• Maintain copies of Trust documentation in an organised and easily accessible manner.

• Schedule annual review meetings with the Trustees, financial advisers and other relevant parties.

• Prepare file notes and resolutions of important Trustee decisions.

• Prepare reports to Trustees/clients to include annual Accounts and any recommendations or relevant changes to legislation.

• Ensuring that Trust assets are registered to the correct Trustees.

• Ensuring that other ongoing requirements are met, e.g. payment of regular policy premiums or insurance cover is in place

• Working closely with the Tax and Trusts Compliance Adviser to ensure that compliance and tax matters are dealt with as required, including:

o Registration and updates with the Trusts Registration Service (TRS)

o Registration and any filing of returns under the Automatic Exchange of Information (AEOI) – including FATCA / CRS returns

o Applying for Legal Entity Identifier (LEI) numbers where relevant

o Submission and filing of Trust tax returns, such as self-assessment tax returns (SA900), 60-day CGT Returns and inheritance tax returns (IHT100) and co-ordinating tax payments or liaising with accountants / relevant parties to ensure requirements are dealt with, including checking of returns to ensure they correspond with our records

o Ensuring any additional requirements for specialist Trusts are dealt with, such as Vulnerable Person’s Elections or any Charity Commission requirements